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Download Free sampleThe global Liquid Nitrogen Generators market was valued at 23.49 Million USD in 2021 and will grow with a CAGR of 3.62% from 2021 to 2027, based on Research newly published report.
The prime objective of Liquid Nitrogen Generators Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Liquid Nitrogen Generators Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Liquid nitrogen is commonly used as a cryogenic refrigerant. Reasons why it is commonly used are that the nitrogen gas that it consists of accounts for 80% of air and so a large quantity of liquid nitrogen can be easily manufactured and obtained, nitrogen gas is inert, and it has a large thermal capacity which means it has a long retention time. A liquid nitrogen generator consists of a nitrogen gas generator that separates and extracts nitrogen gas from the air and the main body that liquefies the nitrogen gas. The main body of the liquid nitrogen generator has a cryocooler for liquefying nitrogen gas, a vacuum heat-insulated vessel to store the liquid nitrogen, a level gauge, safety devices, and a control system in it. The industry`s leading producers are Peak Scientific, Ulvac Cryogenics and Noblegen, with revenue ratios of 33.34%, 23.97% and 14.08%, respectively, in 2019.
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